LONDON, UK: Redcentric plc, a leading UK IT managed services provider, has acquired Piksel Industry Solutions Limited in a $13 million deal. Piksel Industry Solutions is a provider of IT modernisation and digital transformation services, focussing on public cloud. It also delivers security and IT managed services, and has a strong application development and DevOps capability. Based in York…
CamGraPhIC raises £1.6 million
LONDON, UK: Frontier IP’s portfolio company CamGraPhIC has raised £1.6 million through an equity funding round from existing and new investors. The fundraising values University of Cambridge spin out CamGraPhIC at £5.6 million pre-money. It brings total funds raised by the Company to £3.4 million including the loan facility announced by the Group on 8…
Integral Diagnostics buys The X-Ray Group in a $37.5mn deal
MELBOURNE, AUSTRALIA: Integral Diagnostics Limited announced the acquisition of The X-Ray Group which is located in Albury/Wodonga on the Victorian/New South Wales Border. An upfront purchase consideration of $37.5m on a cash and debt free basis, comprises $25.95m in cash and $11.55m in new ordinary IDX shares to be issued at completion of the acquisition….
Hexagon Purus acquires Wystrach GmbH for EUR43.3mn
OSLO, NORWAY: Hexagon Purus ASA has entered into an agreement to acquire 100% of Wystrach GmbH, a leading European systems and solutions provider for storage and transport of compressed gases. The combination brings unprecedented expertise and capacity together to create the vertically integrated industry leader in hydrogen storage solutions. Purchase price of up to EUR…
Qatar to ship even more LNG to China
DOHA, QATAR: Qatar Petroleum has signed a 15-year LNG supply deal with China National Offshore Oil Corporation (CNOOC) for 3.5 million tons/year from 2022. This is the third deal signed by Qatar this year to ship LNG to China. They’ve also recently signed contracts with Taiwan and Pakistan Qatar Petroleum has entered into a…
Gopher agrees with Playtech to acquire Finalto for $250mn
LONDON, UK: Gopher Investments has entered into an agreement with Playtech to acquire its financial trading division, Finalto, for $250 million. Gopher is a 4.97% shareholder in Playtech, and welcomes the unanimous support of the Playtech Board and expects to complete the transaction in H1 2022. The transaction is subject to Playtech shareholder approval and…
Credit Card Management to bring Zwipe Pay One in Lebanon
OSLO, NORWAY: Zwipe and Credit Card Management (CCM), one of the leading card payment service providers in Lebanon are partnering to bring Zwipe Pay ONE biometric payment cards to banks in Lebanon. Founded in 1994, Credit Card Management (CCM) has grown to become a well-recognized brand in the card payments both in Lebanon and the…
Elop enters partnership with US-based robotic company ICM
OSLO, NORWAY: Elop Technology has entered into an agreement with ICM (International Climbing Machines) that secures Elop the rights to combine its ultrasound scanner for inspection of concrete infrastructure with ICM’s suction-held climbing robots. “ICM’s patented, suction-held and remote-controlled robots has radically changed how elevated height work is performed. By combining Elop’s ultrasound scanner with…
Mutares completes acquisition of Innomotive Systems Hainichen
MUNICH: Mutares SE & Co. has successfully completed the acquisition of Innomotive Systems Hainichen GmbH. The acquisition strengthens the Automotive & Mobility segment and has numerous synergies with the portfolio company KICO GmbH. “Especially these kinds of transactions we want to increase after a successful Capital Increase, as I am convinced that inorganic growth at…
TotalEnergies, GIG and RIDG bid for 2GW offshore wind project in Scotland
PARIS, FRANCE: A consortium of TotalEnergies, Macquarie’s Green Investment Group (GIG) and Scottish developer RIDG announced their bid for an offshore wind project in an area west of the Orkney Islands. The two-gigawatt proposal – named the West of Orkney Windfarm – has the potential to power more than two million homes and is currently…
SSE Renewables enters into Japanese offshore wind market
LONDON, UK: SSE Renewables has signed an agreement with Pacifico Energy, one of Japan’s largest developers of renewable energy, to create a joint ownership company that will pursue offshore wind energy development projects in Japan. The move to enter Japan’s growing offshore wind market will help support the further expansion and diversification of SSE Renewables’…
Cultivated meat company, Agronomics sells its holding in Oritain Global
LONDON, UK: Agronomics Limited, the leading listed alternative proteins company focused on cellular agriculture and cultivated meat, announced the disposal of its total holding of 40,000 shares in Oritain Global Limited for NZ$ 1.36 million (approximately £0.7 million), representing an IRR of 74%. Agronomics invested in Oritain in December 2019. The proceeds will be used…